Growth in new premium business for Max New York life insurance

In the fiscal year 2007-08, Max New York Life Insurance (MNYL) has achieved 74 per cent growth in the new premium business.

Apnainsurance.com Research Bureau

29 Apr 2008

In the fiscal year, 2007-08 Max
New York Life Insurance (MNYL) has achieved 74 per cent growth in the new
premium business. The new premium business collections were Rs.1, 598 crore
compared to Rs.920 crore of the previous fiscal year. These figures were
attained because of the unit-linked insurance plans (ULIP). ULIP contributed
around 78 per cent of the company's business. The growth rate for the quarter
ended March 2008 was almost 90 per cent.

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